Dynacor Group Inc.

Notable vs. Peers

• Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.

Lifecycle Milestones

1. Permit granted

   Mar 2015 · Construction permit issued to Minera Veta Dorada (Dynacor's Peruvian subsidiary) on 17 March 2015 for the 300tpd Veta Dorada ore processing plant in Chala, Peru. (A separate operating-concession permit, Resolucion Directoral No 0235-2016-MEM/DGM, was issued by Peru's Ministry of Energy and Mines on 1 September 2016 authorising the plant's 300tpd operation and tailings pond -- both permits are part of the same real chain; the earlier construction permit is used here as the gate's target milestone since it precedes construction.) · Source
2. Construction decision (FID)

   Reached — date not disclosed · No separately labelled board/FID release found distinct from the March 2015 construction permit (see PERMIT_GRANTED), which directly enabled construction of the Veta Dorada plant to proceed. Recorded reached-but-undated to that point. · Source
3. Construction start

   Reached — date not disclosed · Construction of the Veta Dorada plant was underway through 2015 (reported 52% complete at one interim update) and finished at the end of May 2016, with MEM construction-conformity certification received in June 2016. Exact construction-start day not confirmed; recorded reached-but-undated to 2015. · Source
4. First pour / production

   Oct 2016 · First gold poured at the Veta Dorada plant in Chala, Peru -- announced 14 October 2016, following the plant's construction completion (end May 2016), MEM conformity certification (June 2016), operating-concession grant (1 Sept 2016) and official inauguration (3 Oct 2016). · Source
5. Commercial production

   Reached — date not disclosed · A genuine structural distinction: Dynacor does not operate a mine/deposit -- it buys ore from registered artisanal and small-scale miners in Peru and processes it at its own plant (a toll-processing business model, not conventional mining). The Veta Dorada ore-processing plant (Chala, Peru) began operating 2016-09-30, was inaugurated 2016-10-03, and poured first gold 2016-10-14 -- but no source found ever frames this with 'commercial production declared' language (contrast SBMI's explicitly-titled announcement, below), consistent with a continuously-ramping toll-processing operation rather than a single-threshold mine. Left null with the structural context and the September/October 2016 start dates noted; multiple later capacity expansions (300->430->500 tpd) are the same plant, same company, not a reset. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.